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Pin to quick picksFocusrite Share News (TUNE)

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TRADING UPDATES: Virgin Wines beats forecasts; Kape revenue surges

Tue, 20th Jul 2021 15:06

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Virgin Wines UK PLC - online wine retailer - Finishes financial year to June 30 positively with strong levels of customer demand in final two months. Revenue and earnings before interest, tax, depreciation and amortisation for the year are now anticipated to be marginally higher than previous expectations. Annual revenue expected to be GBP73.8 million, up 30% from the previous year. Ebitda expected to be GBP6.4 million, 45% higher year-on-year. Notes positive sales momentum has continued into July.

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Kape Technologies PLC - Isle of Man-headquartered digital security software provider - Says trading has been strong throughout the first half of 2021 and is in line with management's expectations for the full year. Posts record 79% increase in adjusted Ebitda for the first half of the year ended June 30. Revenue for the six-month period is expected to be around USD95.7 million, up 60% from previous year's comparative. Kape says it is confident of delivering revenue between USD197 million and USD202 million and adjusted Ebitda of between USD73 million and USD76 million for 2021.

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Dianomi PLC - London-based digital advertising services firm - Confirms strong first half trading and that the company is trading in line with market expectations for the full year. First half revenue is expected to demonstrate "significant growth" compared to the prior year as the group expands its customer base.

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Alliance Pharma PLC - pharmaceutical company based in Wiltshire - For six months ended June 30 trades strongly with see-through revenue of GBP80.9 million, 24% higher than the same period in the previous year. Expects underlying profit before tax for the full year to be in line with market expectations. Its consumer healthcare business performs particularly well, with half year revenue up 30% to GBP56.8 million. Anticipates strong trading will continue throughout the second half.

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Brand Architekts Group PLC - Teddington, south west London-based personal care and beauty products firm - Posts annual sales of GBP15.9 million, a decline of 2.5% on the prior year, as the pandemic impacts high-street footfall. First half sales are GBP9.0 million, down 10% on the prior year period. Second half sales are 10% better than prior year comparison at GBP6.9 million. Underlying operating profit for the year ended June 30 expected in line with the previous year. Notes that it is "confident" of achieving medium and long-term goals.

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Focusrite PLC - High Wycombe, Buckinghamshire-based music and audio products - Continues to trade well across all business units in second half, with demand remaining strong when compared with the corresponding pre-pandemic period in financial year 2020. As a result, now expects revenue for the full year to August 31 to be ahead of market expectations. Profit for the year is anticipated "significantly" ahead of expectations. Focusrite notes supply chain disruption due to the global shortage of semiconductors and other components, principally caused by the effects of Covid-19. The pandemic is also causing freight and shipping costs to be higher than normal for the firm.

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By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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